ISSN: 1204-5357

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Research Article Open Access

Role of E-commerce in Economic Development of Russian Regions

Abstract

This article assesses the potential opportunities for development of e-commerce in Russian regions, as exemplified by the Far-Eastern federal district. As opined by the authors, in the current economic instability situation, Internet trade provides extra markets and allows to maintain financial stability of regional entities, possibly contributing extra to regional budgets. The authors give a general characteristic of the economy and regional retail and find the factors negatively effecting the development of the Far-Eastern e-commerce. Those, first of all, include underdevelopment of payment services, lacks of legal regulation of e-commerce sector, infrastructure issues of the regional development.

Makhosheva SA, Mambetova FA, Shogenova FO, Kastuyeva AO and Shaduyeva EC

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